Renting in San Antonio averaging $758

The latest rental trends report from RealFacts shows apartment rent in San Antonio is at $758 a month, up 2.4 percent from last year.

Occupancy was at 93.5 percent at the end of the third quarter – up 1.2 percent in the last year.

Nationally, rents have recovered to just about where they were in 2008, after slumping a bit. The average rent was $994 a month at the end of the third quarter. (The peak was in the third quarter of 2008, at $997 a month).

From the report:

“Overall, rents are still rising at the end of the third quarter. Of the 47 markets published, 38 posted gains. The high achievers this quarter are tech driven markets. Employment opportunities are alive and well for highly skilled and well educated workers in select markets such as the San Francisco Bay Area, Denver and Austin.

“The largest gain posted this quarter was San Francisco, which grew 3.3% from $1643/mo. to $1697/mo., followed by Austin at 3.2% from $870/mo. to $898/mo., and Denver, up 2.7% from $911/mo. to $936/mo. While these markets seem capable of deflecting economic doom and gloom, others reflect the general malaise felt around the country — that many people are still struggling just to enjoy an acceptable standard of living.”